Largest oil find in U.S. Ever!

[Bypass]

GRABOIDS!

I'm ready for some graboid action.

 

[timbgtm]

We're lucky Trump is in office now or the libs would be declaring the land a sanctuary for some rare type of worm.

Nailed it! The liberals would and probably still fight it tooth and nail!

 

[JamesG]

Obama had no problem with fracking the crap out of everything (those were red states anyway). He also didn't GAS about oil pipelines, except his buddy Warren Buffet was invested in oil rail cars.

Cheaper=dependence

Not really.

This is a shale formation, like in the Bakkans. The oil is spread out and requires expensive techniques like horizontal drilling and fracking to get out, not like the older concentrated deposits. While interesting, with where the price of oil is, its not going to have much short term effect. It doesn't give us any leverage against OPEC. We already have more oil than we can produce/use.

 

[baxterday]

Looking like our dependency on the towelheads fer oil is shrinking a bit..... Gotta like that!

Unless youre some damned commie liberal, which i am sure a few will be along shortly.....

I thought those things on their heads were little sheets, shouldn't we call them sheet-heads instead of towelheads?

 

[3clicks_Off]

Would have been sweeter if that was found under my land.

 

[fattboyzz]

Come on 99¢ a gallon

 

[41mag]

I thought those things on their heads were little sheets, shouldn't we call them sheet-heads instead of towelheads?

Sounds good to me! I can go along with sheetheads! Lol

 

[41mag]

Obama had no problem with fracking the crap out of everything (those were red states anyway). He also didn't GAS about oil pipelines, except his buddy Warren Buffet was invested in oil rail cars.



Not really.

This is a shale formation, like in the Bakkans. The oil is spread out and requires expensive techniques like horizontal drilling and fracking to get out, not like the older concentrated deposits. While interesting, with where the price of oil is, its not going to have much short term effect. It doesn't give us any leverage against OPEC. We already have more oil than we can produce/use.

We need to build more refineries, there is no reason whatsoever that we shouldnt be using 100% domestic oil....IMO.

Of course, i am sure you will tell me I am wrong, some reason or another.

 

[DinkyDau]

When it was announced the we had all that shale oil, foreign oil dropped over a buck per gal...We have food they have oil. It scares the hell out of them, if we become independent with our own oil..What else do they have to sell???

 

[JamesG]

They aren't too worried. They can still produce cheaper than just about anyone else and they will always be able to sell to the Chinese.

We need to build more refineries, there is no reason whatsoever that we shouldnt be using 100% domestic oil....IMO.

Of course, i am sure you will tell me I am wrong, some reason or another.

No, we should. but we won't because.... economics!